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Labor market flows and equilibrium search unemployment

Garibaldi, Pietro; Wasmer, Etienne - 2001

labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching … labor force and rises the share of attached workers. Finally, our theory suggests that contrary to two-state models …

Persistent link: https://www.econbiz.de/10001650586

Higher education levels, firms' outside options and the wage structure

Rosén, Åsa; Wasmer, Etienne - 2002

Persistent link: https://www.econbiz.de/10001663191

Removing the veil of ignorance in assessing the distributional impacts of social policies

Carneiro, Pedro; Hansen, Karsten T.; Heckman, James J. - 2002

Persistent link: https://www.econbiz.de/10001669367

Labor supply dynamics, unemployment and human capital investments

Wasmer, Etienne - 2002

Persistent link: https://www.econbiz.de/10001675874

The performance of performance standards

Heckman, James J.; Heinrich, Carolyn J.; Smith, Jeffrey A. - 2002

Persistent link: https://www.econbiz.de/10001694278

Space, search and efficiency

Wasmer, Etienne; Zenou, Yves - 2000

We investigate the role of spatial frictions in search equilibrium unemployment. For that, we develop a model of the labor market in which workers' location in an agglomeration depends on commuting costs, the endogenous price of land and the value of job search and employment. We first show that...

Persistent link: https://www.econbiz.de/10001510628

The macroeconomics of labor and credit market imperfections

Wasmer, Etienne; Weil, Philippe - 2000

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections, driven by microeconomic frictions and impacted upon by macroeconomic factors such as monetary policy, could also be to blame. This paper shows that labor and credit market...

Persistent link: https://www.econbiz.de/10001510630

Labor market efficiency, wages and employment when search frictions interact with intrafirm bargaining

Cahuc, Pierre; Wasmer, Etienne - 2001

In search of a macroeconomic theory of wage determination, the agnostic reader should be puzzled by the apparent … contradiction between two influential theories. On one hand, in the standard search-matching theory with wage bargaining, hiring … overemployment or to under-employment compared with the first-best. On the other hand, in Stole and Zwiebel's theory of intrafirm …

Persistent link: https://www.econbiz.de/10001605197

Interpreting Europe and US labor markets differences : the specificity of human capital investments

Wasmer, Etienne - 2002

Persistent link: https://www.econbiz.de/10013268823